54Tax treatment of reverse premiums
(1)Schedule 6 to this Act (tax treatment of receipts by way of reverse premium) has effect.
(2)The provisions of that Schedule apply in relation to a reverse premium (within the meaning of that Schedule) received on or after 9th March 1999, unless it is a payment or other benefit to which the recipient was entitled immediately before that date.
(3)In determining whether a payment or benefit was one to which the recipient was entitled immediately before 9th March 1999, no account shall be taken of any arrangements made on or after that date.